Asked by vaneeva perez on May 28, 2024

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A promise or order is payable at a definite time if it is payable:

A) at a time readily ascertainable at the time the promise or order is issued.
B) at a fixed date or dates.
C) at a definite period of time after sight or acceptance.
D) All of these.

Payable at a Definite Time

Refers to a financial obligation that is due to be paid on a specific date.

Fixed Date

A specific, agreed-upon date by which an event must occur or an action must be taken.

Time Readily Ascertainable

A term referring to a time period that can be easily and quickly determined or identified without significant delay or investigation.

  • Fathom the exact requirements that make a promise or order unconditional and payable at a designated time.
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Verified Answer

ÑB
Ñàñà bù??ë?May 31, 2024
Final Answer :
D
Explanation :
All of these conditions (A, B, C) make a promise or order payable at a definite time, as they all specify a time frame that can be determined when the promise or order is issued.